From a short-term hourly perspective, the price of Bitcoin is operating around 84,000, and overall it remains in a high volatility range. Previously, the price fell from a high of 86,500 to 83,000, experiencing a significant decline in the short term. Currently, the price is consolidating near the middle band.

The momentum of this rebound is relatively weak; although the funding rate is slightly positive and bulls have a slight advantage, from the open interest data, buy orders exceeding two thousand dollars have been recorded, and sell orders have also increased, indicating hesitation on both sides. The rebound pattern in the candlestick chart is of a corrective nature and has not yet shown clear reversal signals.

Trading suggestion: Based on the current trend, if the price cannot stabilize above the middle band of the Bollinger Bands or is again suppressed in the 84,000-84,500 range, consider taking a light position, especially if a shrinking bearish candlestick appears or if there is a significant drop in volume. The short-term target can be seen in the 83,000-82,000 range.

As always, do not hold too heavy a position, pay attention to follow the rhythm of trading volume and funding rates, and avoid blindly holding large positions. When the market changes, remember to enter and exit quickly, and do not fall in love with the trade. Leisurely trading, mindset is the most important.